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Symphonies
Apple but bad
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, contrarian Apple strategy: when Apple looks strong, it hides in T‑bills (BIL). When Apple looks weak and has lagged cash over the last month, it buys Apple. Concentrated, anti‑momentum, and likely to miss rallies while buying dips.
NutHow it works
Each day it checks Apple’s average price over ~1 month (21 days) vs ~1 year (252 days). If the 1‑month average is higher, it puts 100% into BIL (a fund holding 1–3 month U.S. Treasury bills—cash‑like). Otherwise, it buys whichever did worse over the last month: Apple or BIL.
CheckmarkValue prop
Contrarian, downside-protected strategy: far lower drawdowns (~8.5% vs ~18.8% for SPY) with solid risk controls (Calmar ~1.54) and positive OOS return (~13%). Lower volatility and capital preservation during pullbacks, versus the S&P 500.
1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade
Performance
Compared to selected benchmarks
AlphaBetaR2R
SPY
00.330.160.41
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
SPY
494.46%9.99%-7.68%-7.76%0.58
Apple but bad
66.38%2.76%0.27%0.86%0.25
Initial Investment
$10,000.00
Final Value
$16,638.04
Regulatory Fees
$47.19
Total Slippage
$254.14
Invest in this strategy
OOS Start Date
Jul 8, 2023
Trading Setting
Daily
Type
Stocks
Category
Contrarian, trend filter, single-stock, t-bills, daily rebalance, long-only, tactical
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
AAPL
Apple Inc.
Stocks
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

"Apple but bad" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Apple but bad" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Apple but bad" has returned 12.48%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Apple but bad" is 8.47%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in "Apple but bad", simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, and options.